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Spectral has released an updated roadmap for 2024, planning to launch SYNTAX v2 in Q3
Spectral Labs, the artificial intelligence network, announces the updated 2024 roadmap where SYNTAX will lead the future of Agentic Web3. They plan to launch more AI agents and tools in Q2 and collaborate with other Web3 companies to develop agents for specific use cases. In Q3, they will release SYNTAX v2, where users can create and earn their own agents through a conversational interface.
Spectral Labs, the artificial intelligence network, announces the updated 2024 roadmap where SYNTAX will lead the future of Agentic Web3. They plan to launch more AI agents and tools in Q2 and collaborate with other Web3 companies to develop agents for specific use cases. In Q3, they will release SYNTAX v2, where users can create and earn their own agents through a conversational interface.
Bitget's 5th Global Contract Trading Competition (KCGI) has opened for team leader registration, with a minimum of 10 people required to form a team
The fifth Bitget Global Contract Trading Competition, KCGI (King's Cup Global Invitation), has officially opened for team leader registration. Those with contract assets of 100 USDT or more can register to become a team leader, and forming a team requires recruiting nine or more members. The registration period for team leaders is from May 17th at 00:00 to June 6th at 23:59.
Since its inception, the Bitget KCGI tournament has attracted over 51,000 participants worldwide. In addition to the prize pool of 5 million USDT in this KCGI tournament, there will also be prizes such as Ferrari 296, Rolex watches and Messi series peripherals.
The fifth Bitget Global Contract Trading Competition, KCGI (King's Cup Global Invitation), has officially opened for team leader registration. Those with contract assets of 100 USDT or more can register to become a team leader, and forming a team requires recruiting nine or more members. The registration period for team leaders is from May 17th at 00:00 to June 6th at 23:59.
Since its inception, the Bitget KCGI tournament has attracted over 51,000 participants worldwide. In addition to the prize pool of 5 million USDT in this KCGI tournament, there will also be prizes such as Ferrari 296, Rolex watches and Messi series peripherals.
The dYdX ecosystem development plan announces a new round of funding, with a total amount of $2.6 million for five grants
The dYdX ecosystem development plan announces the latest round of funding, with a total amount of $2.6 million for five grants. Details are as follows: · Integration of Slinky sidecar from Skip Protocol, supporting new price oracle mechanisms and dYdX's permissionless market listing system. · Xenophon Labs tests and analyzes the upcoming LP Vault feature to be launched on dYdX. It allows users to provide liquidity in long-tail markets using delta-neutral market making strategies. · RHINO, kingnodes, Polkachu, and Lavender will manage Solana RPC nodes, enabling dYdX to access Solana's price data sources. · Funding Viktor Mirovic to manage four Solana RPC nodes increases redundancy and decentralized price discovery capabilities.
The dYdX ecosystem development plan announces the latest round of funding, with a total amount of $2.6 million for five grants. Details are as follows: · Integration of Slinky sidecar from Skip Protocol, supporting new price oracle mechanisms and dYdX's permissionless market listing system. · Xenophon Labs tests and analyzes the upcoming LP Vault feature to be launched on dYdX. It allows users to provide liquidity in long-tail markets using delta-neutral market making strategies. · RHINO, kingnodes, Polkachu, and Lavender will manage Solana RPC nodes, enabling dYdX to access Solana's price data sources. · Funding Viktor Mirovic to manage four Solana RPC nodes increases redundancy and decentralized price discovery capabilities.
The Bitcoin spot ETF had a total net inflow of $257 million yesterday, continuing for four days of net inflows.
According to SoSoValue data, yesterday (Eastern Time May 16), the net inflow of Bitcoin spot ETFs was $257 million. The Grayscale ETF GBTC had a single-day net inflow of $4.6382 million, with a current historical net outflow of $17.652 billion.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, which had a single-day net inflow of $937.004 million and has reached a total historical net inflow of $15.596 billion so far. This is followed by Fidelity's FBTC, which had a single-day net inflow of $670.829 million and has reached a total historical net inflow of $8.387 billion so far.
As of press time, the total asset value for Bitcoin spot ETFs is at about 54.628 billion dollars; their ratio in terms of market capitalization compared to the overall market cap for bitcoin stands at 4.25%. The cumulative historic influx stands at approximately 12.404 billion dollars.
According to SoSoValue data, yesterday (Eastern Time May 16), the net inflow of Bitcoin spot ETFs was $257 million. The Grayscale ETF GBTC had a single-day net inflow of $4.6382 million, with a current historical net outflow of $17.652 billion.
The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock's IBIT, which had a single-day net inflow of $937.004 million and has reached a total historical net inflow of $15.596 billion so far. This is followed by Fidelity's FBTC, which had a single-day net inflow of $670.829 million and has reached a total historical net inflow of $8.387 billion so far.
As of press time, the total asset value for Bitcoin spot ETFs is at about 54.628 billion dollars; their ratio in terms of market capitalization compared to the overall market cap for bitcoin stands at 4.25%. The cumulative historic influx stands at approximately 12.404 billion dollars.
Taiko launches multi-prover Raiko
The Ethereum second-layer network Taiko, based on zkRollup, announced that it has launched a multi-prover called Raiko. Raiko is an integrated environment that can build, run and benchmark ZK-VM targets. It currently supports SP1, Risc0 and SGX, and is working hard to integrate Jolt and Powdr.
The Ethereum second-layer network Taiko, based on zkRollup, announced that it has launched a multi-prover called Raiko. Raiko is an integrated environment that can build, run and benchmark ZK-VM targets. It currently supports SP1, Risc0 and SGX, and is working hard to integrate Jolt and Powdr.
An address starting with 0x917 deposited 53,063 ETH into CEX 6 hours ago
PANews reported on May 17th that according to The Data Nerd, the whale address 0x917 deposited 53,063 ETH into Coinbase six hours ago, worth approximately $156 million.
Four months ago, this address accumulated these ETH at an average price of $2332. If sold at the current price, its realized profit would reach $32.26 million.
PANews reported on May 17th that according to The Data Nerd, the whale address 0x917 deposited 53,063 ETH into Coinbase six hours ago, worth approximately $156 million.
Four months ago, this address accumulated these ETH at an average price of $2332. If sold at the current price, its realized profit would reach $32.26 million.
Jupiter now allows users to unpledge a portion of their JUP tokens
The Solana ecosystem DEX, Jupiter, has made two governance mechanism optimizations based on user feedback. The first allows users to partially cancel their JUP staking and vote while retaining some of the stakes. In addition, to give users more time to understand the proposal content, a timer has been added to the voting page that requires waiting for a few minutes before voting after opening a proposal.
The Solana ecosystem DEX, Jupiter, has made two governance mechanism optimizations based on user feedback. The first allows users to partially cancel their JUP staking and vote while retaining some of the stakes. In addition, to give users more time to understand the proposal content, a timer has been added to the voting page that requires waiting for a few minutes before voting after opening a proposal.
BTC options with a nominal value of 1.2 billion USD and ETH options worth 930 million USD are about to expire
Data from Greeks.live shows that on May 17, options delivery data: 18,000 BTC options are about to expire, with a Put Call Ratio of 0.63, the biggest pain point is $63,000 and the nominal value is $1.2 billion. Also, 320k ETH options are about to expire with a Put Call Ratio of 0.28; the biggest pain point is $3k and the nominal value is $930 million.
Greeks.live states that this week was influenced by US stock Meme trend which led to significant capital inflows into BTC ETFs causing BTC's price to surge past $65k. However, outside of Memes crypto market remained weak as trading volume continued to decline reflecting in diverging option data for BTC and ETH.
Looking at block trades and market trade structures all major term IV ended its downward trend entering sideways movement with not much room left for further declines. The balance between longs and shorts in BTC remains relatively even while weakness in ETH prices has led to continuous weakening of market confidence resulting in selling calls becoming absolutely dominant.
Data from Greeks.live shows that on May 17, options delivery data: 18,000 BTC options are about to expire, with a Put Call Ratio of 0.63, the biggest pain point is $63,000 and the nominal value is $1.2 billion. Also, 320k ETH options are about to expire with a Put Call Ratio of 0.28; the biggest pain point is $3k and the nominal value is $930 million.
Greeks.live states that this week was influenced by US stock Meme trend which led to significant capital inflows into BTC ETFs causing BTC's price to surge past $65k. However, outside of Memes crypto market remained weak as trading volume continued to decline reflecting in diverging option data for BTC and ETH.
Looking at block trades and market trade structures all major term IV ended its downward trend entering sideways movement with not much room left for further declines. The balance between longs and shorts in BTC remains relatively even while weakness in ETH prices has led to continuous weakening of market confidence resulting in selling calls becoming absolutely dominant.
sUSD dropped to around 0.925 early this morning, and has now rebounded to 0.956 dollars
Coingecko data shows that the stablecoin sUSD, minted by Synthetix's staked SNX, deviated to around 0.925 early this morning and has now rebounded to 0.956 dollars. According to Chaos Labs analysis, this deviation is due to large sBTC/wBTC liquidity providers withdrawing, using Synthetix's spot synthesis redemption to obtain sUSD, and selling sUSD in the related Curve pool.
Coingecko data shows that the stablecoin sUSD, minted by Synthetix's staked SNX, deviated to around 0.925 early this morning and has now rebounded to 0.956 dollars. According to Chaos Labs analysis, this deviation is due to large sBTC/wBTC liquidity providers withdrawing, using Synthetix's spot synthesis redemption to obtain sUSD, and selling sUSD in the related Curve pool.
Tether CEO: An additional 1 billion USDT has been issued on the Tron Network, authorized but not yet released
News on May 17th, Tether CEO Paolo Ardoino stated that an additional 1 billion USDT has been issued on the Tron Network in the early hours of today Singapore time. It is authorized but not yet issued, which means this amount will be used for the next issuance request and chain exchange inventory.
News on May 17th, Tether CEO Paolo Ardoino stated that an additional 1 billion USDT has been issued on the Tron Network in the early hours of today Singapore time. It is authorized but not yet issued, which means this amount will be used for the next issuance request and chain exchange inventory.
